If the U.S. dollar appreciates relative to the British pound, then we pay fewer dollars for a pound

The table above gives the U.S. CPI for six years. Calculate the inflation rates between 1997 to 1998, 1998 to 1999, 1999 to 2000, 2000 to 2001, and 2001 to 2002

What will be an ideal response?

If two consumption points are not on the same indifference curve, then one point is ________

A) a substitute for the other point B) unaffordable and the other is affordable C) preferred to the other D) more expensive than the other